Desktop Metal, a metal 3D-printing company, has raised $160 million in a funding round led by the technology arm of Koch Industries, the multinational industrial conglomerate owned by billionaire philanthropists and right-leaning political donors Charles and David Koch.
With the Series E funding from Koch Disruptive Technologies and other investors, Burlington, MA-based Desktop Metal says it has now raised a total of $438 million in venture capital financing since launching in 2015.
Chase Koch, president of Koch Disruptive Technologies and Charles Koch’s son, says in a prepared statement Desktop Metal’s prototyping and production systems have ” disruptive implications for manufacturers like Koch Industries. … We are very bullish about the prospects of Desktop Metal, not just as an investor, but also as a customer and partner.”
